Chief Construction INC

$495,000 PPP Loan in New Lenox, Illinois

Loan Details

Loan Number
9285907008
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$495,000
Current Approval
$495,000
Forgiveness Amount
$500,398
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Chief Construction INC
Address
713 Central Rd
ZIP Code
60451-3318
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237210)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$5.3M
Rural/Urban
Urban
Congressional District
IL-01

Loan Use Breakdown

Payroll
$396,000
Rent
$24,750
Utilities
$24,750
Mortgage Interest
$49,500

Lender Information

Servicing Lender
Lincolnway Community Bank
Originating Lender
Lincolnway Community Bank

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